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Topic: WellData Labs + Data Challenges in the Oilfield
Overview: At this event series, we host thought-leaders from the Denver data community to discuss the possibilities that data brings to life. They’ll cover how today’s wealth of data drives business and product decisions across industries ranging from journalism to programming, and share their visions for the future.
Featured Expert: In this presentation, Josh and Jessica of Well Data Labs will give an overview of various challenges and opportunities facing those interested in expanding the oilfield data-driven analytics world. They recently published results of a study focused on leveraging the unique data source available through Well Data Labs and will present the process and results as a case study.
What You’ll Take Away: Learn how you can leverage data in your role — no matter the industry. Oilfield technology in many ways still relies on decades old processes to collect, store, and analyze data. As the technology slowly evolves, Engineers are attempting to make decisions based on the best possible information, and companies like Well Data Labs are trying to fill in the dark spaces by supplying more reliable and useful data. And as the data available grows, the opportunity for analytics to add value to projects is increasing.
Why It Matters: According to a Forbes article, “2017 will be the year big data goes mainstream … whether gathering data on the front end or making big decisions in the C-Suite, every single person in your organization must buy into the value [data] analytics brings”.
Data is everywhere, and it affects not only how we run our businesses, but how we live as individuals. Understanding the ways you can leverage data in your personal and professional life can help you find key insights, make smarter decisions, and elevate your career.
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